Monday

Jul 18, 2011 at 12:01 AM

Appointments

Appointments

Paolo tapped to lead R.I. tech fund

David R. Paolo, president and chief executive officer of GoGoCast Inc., has been appointed managing director of a newly formed$10-million Rhode Island technology fund set up by BrickhouseHoldings, a management and holding company.

Paolo will remain president and CEO of GoGo Cast, adigital-advertising company based in Cranston.

Brickhouse Holdings plans to provide technology start-upbusinesses with early stage seed financing as well as financialmanagement, technology guidance and facility resources. The goal isa collaboration of new technology companies that can shareresources including financial management, technology executives,engineers and facility utilization.

Paul Hummel co-founder and equity partner of BrickhouseHoldings, said that Paolo's history of building successfulbusinesses "made the choice for the appointment of our managingdirector simple."

Brickhouse Holdings is expected to begin its selection processin the third quarter and will begin funding qualified companies inearly 2012.

Journal staff

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